Loan Amount
Up to ₹75 Lakh
Interest Rate
Starting at 15%* p.a.
Loan Tenure
6-48 Months

Get a Collateral-free Business Loan in Vijayawada

Vijayawada is a vibrant city known for its commercial and industrial activities. It is a major trading and export hub. Take advantage of the thriving market by availing of a Business Loan in Vijayawada from Poonawalla Fincorp. From raising working capital to hiring employees, meet all your business needs with tailored loans. Get a high loan amount of up to ₹75 Lakh at attractive interest rate with minimal paperwork, flexible repayment tenure, and zero hidden charges. Apply now!

Why Choose Poonawalla Fincorp

High Loan Amount High Loan
Amount
Collateral-free
Loan
Attractive Interest Rates Competitive
Interest Rate
Minimal Documentation Minimal
Documentation
Hassle-free Application Quick
Approval
Flexible
Repayment Tenure

Business Loan EMI Calculator

Calculate your monthly repayments effortlessly with our online EMI calculator. Enter the loan amount, tenure, and interest rate to estimate your monthly outgo. Try now!

Optimise Your Business Loan Experience
With Monthly Budget Planning

Monthly Payable Amount₹ 17,403
Principal Amount
₹ 1,00,000
Interest Payable
₹ 4,420

Loan Amount

₹ 1,00,000
₹ 75,00,000

Interest Rate

%
15 %
30 %

Tenure

Months
6Months
48Months

Apply for a Business Loan in Just 3 Steps

Click on "Apply Now”

Tap the "Apply Now" button to initiate your application.

Enter Details

Enter your DOB, PAN card number, monthly income, and residential details.

Upload Documents

Upload the necessary documents for quicker approval.

On successful verification, the loan amount will be disbursed into your bank account instantly.

Get exclusive offers thoughtfully customised just for you

Eligibility Criteria for a Business Loan in Vijayawada

Meet our simple eligibility criteria:

  • Age: Between 24 and 65 years.
  • Citizenship: Indian.
  • Business Vintage: At least 2 years.
  • Annual Turnover: Minimum of ₹6 Lakh.

Documents Required for a Business Loan in Vijayawada

Submit just a few mandatory documents:

  • KYC Documents
  • Business Address Proof
  • Financial Documents

Click to know more about the documentation in detail.

Interest Rate and Charges for a Business Loan in Vijayawada

We offer Business Loan at attractive interest rate and minimal charges:

Interest Rate
15%* p.a. onwards
Loan Amount
₹5 Lakh to ₹75 Lakh
Loan Processing Fees
Up to 3.5%
Lowest EMI Per Month
Starting from ₹13,915* per Lakh for 48 months
Loan Tenure
6-48 months
Prepayment/Foreclosure Charges
Up to First 6 EMIs: 6% on principal outstanding + taxes

After 6 EMIs: 5% on principal outstanding + taxes
Default Charges
24% p.a. + taxes
Repayment Instrument Dishonour Charges
₹500 per bounce
Stamp Duty
At actuals (as per state)
Hidden Charges
Nil

Default Charges: Penalty will be charged for nonpayment of EMI amount and for non-compliance of material terms and conditions, as more particularly specified at Default Charges.pdf

*T&C Apply

Different Uses of a Business Loan in Vijayawada

  • Renovating office premises
  • Funding research and development expenses
  • Meeting daily operating expenses
  • Purchasing equipment and software
  • Financing marketing and advertising drives

Who Can Get a Business Loan in Vijayawada

  • Retail shop owners
  • Sole proprietors
  • Small business owners
  • Women entrepreneurs
  • MSMEs owners

Tips for a Successful Business Loan Application

  • Check your CIBIL score
  • Create a proper business plan
  • Check the eligibility criteria
  • Keep all necessary documents ready
  • Reduce your business’s liabilities

Poonawalla Fincorp Branch Address in Vijayawada

Poonawalla Fincorp Limited

Address: 3rd Floor, R.S. Tower, Door No.40-25-80/1, Revenue Ward 13A, Kurra Satyanarayana Street, Gayatri Nagar, Benz Circle, Vijayawada, Andhra Pradesh - 520010

Contact Number: 1800-266-3201 (Toll Free)

Timing: 10 am – 6:30 pm (Weekly off on first and second Saturdays and all Sundays.)

 

Get Funds Quickly With
Minimal
Documentation

1

Click 'Apply Now' Fill out the online form to start your loan application.

2

Upload Documents Provide your KYC documents to complete the verification.

3

Get Funds Get the loan amount
disbursed to your bank account.

Happy Customers, Happy Us

Get exclusive access to simplified
Personal Finance
Information at
Poonawalla Fincorp’s FinHub

rightArrow
rightArrow

Frequently Asked Questions

Which is the best Business Loan in Vijayawada?

Poonawalla Fincorp offers the best Business Loan in Vijayawada. We offer collateral-free loan at attractive interest rate with flexible repayment tenure and hidden charges. Apply online and get up to ₹75 Lakh.

What is a Business Loan EMI calculator?

A Business Loan EMI calculator is an online tool that allows you to estimate your monthly repayments over the loan term. By entering the loan amount, tenure, and interest rate, you can easily determine your EMIs without the need for manual calculations.

What are the pros and cons of foreclosing a Business Loan?

Foreclosing a Business Loan comes with both advantages and disadvantages. On the positive side, it saves you on interest payments and reduces your overall debt burden. However, it can strain your current cash flow and may incur foreclosure charges. With Poonawalla Fincorp, though, there is 6% on principal outstanding + taxes on the first 6 EMIs and 5% on principal outstanding + taxes after 6 EMIs.